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Global Dry Red Wine Market Research Report: Information By Type (Still Wines, Sparkling Wines) By Application (Daily Meals, Social Occasions, Entertainment Venues, Other Situations), and Region — Forecast till 2030

Report Code: EB_ICT | Page: 160 | Published Date: Upcoming

Category: Information and Communication Technology ICT (CI) Tags: Dry Red Wine Market Analysis, Dry Red Wine Market Companies, Dry Red Wine Market Forecast, Dry Red Wine Market Growth, Dry Red Wine Market Industry, Dry Red Wine Market Restraints, Dry Red Wine Market Share, Dry Red Wine Market Size, Dry Red Wine Market Trends
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Description

Market Overview

The global Dry Red Wine market size is projected to reach approximately $ 4.3 billion by 2030, at a CAGR of 2.3% from 2022 to 2030. Red wines are the primary varietal of wine in most regions, and Dry Red Wine is quite different from other dry varieties. It has a slightly sweet taste with a trace of bitter flavors while preserving the sweet and sour tang that defines this type of wine. There are many different types of Dry wine available, including white and red wines. Dry wine has been increasing in popularity and can be seen in culinary cultures all around the world, for instance drinking a glass of dry wine during the summer. Dry red wines also have food pairing options available for people who enjoy sweeter flavors in their meals.

COVID-19 Impact Analysis

The COVID-19 pandemic had a negative impact on the market for Dry Red Wine. The economic slowdown due to the COVID-19 pandemic has had a negative effect on the consumption of beverages in general, by inhibiting both short-term and long-term consumption rates. This is due not only to a decrease in expected income but also to social distancing measures such as fewer restaurants, pubs, cafes, and clubs opening up. As well as in duty-free sales, consumption on airlines and cruise ships, and visits to cellar doors. Wine production did not suffer too much from COVID-19 because there were some exemptions that allowed the industry to continue its production in spite of the new law. Some exemptions making it easier for laborers made wine production feasible since there was less pressure on the crushes in the Southern Hemisphere.

Market Dynamics

The growth in the Dry Red Wine market is driven by the rising consumers’ preference for light-bodied wines over heavy ones due to their low-calorie content and the demand for low alcohol drinks among young people globally.

Drivers

⮚     Rising Popularity of Dry Red Wine in Western Countries

It is predicted that demand for Dry Red wine in developed and developing economies will continue to rise during the forecast period. This is due to raw material abundance, well-trained workforces, technological discoveries, and increasing R&D activities. As a result of global technological improvements, dry red wine’s market is estimated to provide a multitude of opportunities. Dry red wine producers are facing financial issues, such as an increase in production expenses, which has a direct impact on their bottom line. Additionally, Western countries account for nearly 50% of the world’s wine sales. Demand from these regions has kept up Global Demand

Restraint:

  • Potential Health Risks Associated with the Consumption of Dry Red Wine

Dry wine consumption has a variety of side effects on various persons. Consumers all around the world are becoming more aware of dry wine’s potential to harm their health. Dry red wine producers are hindered by the limited use of Dry wine in the food and beverage industry, which might be due to a marketing or economic reasons. New information on the link between red wine and inflammatory infections is preventing the worldwide market for red wine from developing at an unsustainable rate and causing a change in consumer behavior.

Opportunity:

  • Strong Preference of Modern Trade Stores for the sales of Dry Wine

Throughout the forecast period, modern trade stores will be the primary sales channel for Dry wine in the global market. Manufacturers are set to shift their products to current trade channels. On-sales channels still dominate wine consumption, but consumers rank comfort as the top priority. With that, it’s in turn opening up a market for off-sales sales which has now become the most important segment.

Segment Overview

By Type

Based on the Type, the Dry Red Wine market is segmented based on Still Wines and Sparkling Wines. The Still Wine segment is anticipated to account for the large market share. The most popular types of this category are Chianti, Merlot, Cabernet Sauvignon, and Pinot Noir. These wines are generally made from a blend of red grapes like Pinot Noir or Cabernet Sauvignon with a higher level of acidity than white wine grapes like Chardonnay or Riesling.

By Industry

Based on Application, the global Dry Red Wine market has been divided into Daily Meals, Social Occasions, Entertainment Venues, and Other Situations. The Daily Meals segment was the largest in the forecast period. In Daily Meal, demand for Dry Red Wine is rapidly growing due to its fruity flavor and smooth texture, which makes it a desirable product for consumers. Meanwhile, individuals today are experimenting with numerous wine types in order to keep up with their lifestyle trend of trying new things.

Global Dry Red Wine Market Share, by Segmentation

Regional Analysis

Based on region, the global Dry Red Wine market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to dominate the use of the Dry Red Wine market followed by the Asia-Pacific and Europe regions.

North America Market

The North American region of Dry Red Wine has the largest market share and leads industry growth. With the rapidly growing of this industry, North America as a region has become one of the largest consumers of Dry red wine. The U.S. and Canada combined are estimated to account for about 50 percent of all consumption in the region and Mexico is predicted to become a significant consumer soon as well.

Europe Market

Europe’s dry red wine market is poised to grow at the fastest CAGR in the forecast period. This is attributed to the fact that European consumers have an average consumption of dry wine that is significantly higher than their consumption of any other type of alcohol. Dry wine is  produced in considerable quantities in Italy, France, Spain, and other countries.

Competitive Landscape

The market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Because of their strategic innovations and broad regional presence, companies such as E&J Gallo Winery, Constellation, Castel, The Wine Group, Accolade Wines, Concha y Toro, and Treasury Wine Estates (TWE) lead the global Dry Red Wine business. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.

Prominent Players:

  • E&J Gallo Winery
  • Constellation
  • Castel
  • The Wine Group
  • Accolade Wines
  • Concha y Toro
  • Treasury Wine Estates (TWE)
  • Trinchero Family
  • Pernod-Ricard
  • Diageo

In February 2022, Wines of Roussillon launched a new-three year promotional campaign that would target the UK. This was due to an increase in sales by over 50% during the first six months. France’s Conseil Interprofessionnel des Vins du Roussillon reaffirmed its commitment to the UK market by launching a new campaign. The campaign will help raise the profile of the region and support the commercial efforts of French wine producers and importers.

Scope of the Report

Global Dry Red Wine Market, by Type

  • Still Wines
  • Sparkling Wines

Global Dry Red Wine Market, by Industry

  • Daily Meals
  • Social Occasions
  • Entertainment Venues
  • Other Situations

Global Dry Red Wine Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World

 

Parameters Indicators
Market Size 2030: $ 4.3 Billion
CAGR 2.3% CAGR (2022-2030)
Base year 2021
Forecast Period 2022-2030
Historical Data 2020
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Type, Application
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors E&J Gallo Winery, Constellation, Castel, The Wine Group, Accolade Wines, Concha y Toro, Treasury Wine Estates (TWE), Trinchero Family, Pernod-Ricard, Diageo, E&J Gallo Winery, Changyu Group, Kendall-Jackson Vineyard Estates, GreatWall, Dynasty.
Key Market Opportunities Strong Preference of Modern Trade Stores for the sales of Dry Wine
Key Market Drivers Rising Popularity of Dry Red Wine in Western Countries

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Dry Red Wine market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Dry Red Wine market historical market size for year 2020, and forecast from 2021 to 2028
  • Dry Red Wine market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global Dry Red Wine market affected by the pandemic
  • To provide a detailed insight on the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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    Dry Red Wine Market Market FAQs

    1. What is the study period of this market?
    • The study period of global Dry Red Wine market is 2020 – 2030
    1. What is the growth rate of the global Dry Red Wine market?
    • The global Dry Red Wine market is growing at a CAGR of ~ 2.3% over the next 7 years
    1. Which region has the highest growth rate in the global Dry Red Wine market?
    • Europe is expected to register the highest CAGR during 2022 – 2030
    1. Which region has the largest share in the global Dry Red Wine market?
    • North America holds the largest share in 2021
    1. Who are the key players in the global Dry Red Wine market?
    • E&J Gallo Winery, Constellation, Castel, The Wine Group, Accolade Wines, Concha y Toro, Treasury Wine Estates (TWE), Trinchero Family, Pernod-Ricard, Diageo, E&J Gallo Winery, Changyu Group, Kendall-Jackson Vineyard Estates, GreatWall and Dynasty are the major companies operating in the global Dry Red Wine
    1. Do you offer Post Sale Support?
    • Yes we offer 16 hours of analyst support in order to solve the queries
    1. Do you sell particular sections of a report?
    • Yes we provide regional as well as country level reports. Other than this we also provide sectional reports. Please get in contact with our sales representatives.

     

     

    Table of Contents

    Table of Contents

    Chapter 1.   Executive Summary

    Chapter 2.   Scope Of The Study

                          2.1.   Market Definition

                          2.2.   Scope Of The Study

                                    2.2.1.   Objectives of Report

                                    2.2.2.   Limitations

                          2.3.   Market Structure

    Chapter 3.   Evolve BI Methodology

    Chapter 4.   Market Insights and Trends

                          4.1.   Supply/ Value Chain Analysis

                                    4.1.1.   Raw Application Providers

                                    4.1.2.   Manufacturing Process

                                   4.1.3.   Distributors/Retailers

                                    4.1.4.   End Users

                          4.2.   Porter’s Five Forces Analysis

                                    4.2.1.   Threat Of New Entrants

                                   4.2.2.    Bargaining Power Of Buyers

                                    4.2.3.   Bargaining Power Of Suppliers

                                    4.2.4.   Threat Of Substitutes

                                    4.2.5.   Industry Rivalry

                          4.3.   Impact Of COVID-19 on Dry Red Wine Market

                                    4.3.1.   Impact on Market Size

                                    4.3.2.   End User Trend, Preferences and Budget Impact

                                    4.3.3.   Regulatory Framework/Government Policies

                                    4.3.4.   Key Players Strategy to Tackle Negative Impact

                                    4.3.5.   Opportunity Window

                         4.4.   Technology Overview

                          4.5.   Macro factor

                          4.6.   Micro Factor

                            4.7.   Demand Supply Gap Analysis of Dry Red Wine Market

                            4.8.   Import Analysis of Dry Red Wine Market

                            4.9.   Export Analysis of Dry Red Wine Market

    Chapter 5.   Market Dynamics 

                          5.1.   Introduction

                          5.2.   DROC Analysis

                                    5.2.1.   Drivers

                                   5.2.2.   Restraints

                                    5.2.3.   Opportunities

                                    5.2.4.   Challenges

                          5.3.   Patent Analysis

                          5.4.   Industry Roadmap

                         5.5.   Parent/Peer Market Analysis

    Chapter 6.   Global Dry Red Wine Market, By Type

                          6.1.   Still Wines

                          6.2.   Sparkling Wines

    Chapter 7.   Global Dry Red Wine Market, By Application

                          7.1.   Introduction

                          7.2.   Retail

                          7.3.   Hospitality

                          7.4.   Transportation

                          7.5.   Entertainment

                         7.6.   Others   

    Chapter 8.   Global Dry Red Wine Market, By Region

                          8.1.   Introduction

                          8.2.   North America

                                    8.2.1.   Introduction

                                    8.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                    8.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                                    8.2.4.   Market Size and Forecast, By Product Type, 2020 - 2028

                                   8.2.5.   Market Size and Forecast, By Application, 2020 – 2028

                                    8.2.6.   US

                                                   8.2.6.1.   Introduction

                                                   8.2.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.2.6.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.2.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.2.7.   Canada

                                                   8.2.7.1.   Introduction

                                                   8.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.2.7.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.2.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                          8.3.   Europe

                                   8.3.1.   Introduction

                                    8.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                    8.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                                    8.3.4.   Market Size and Forecast, By Product Type, 2020 - 2028

                                    8.3.5.   Market Size and Forecast, By Application, 2020 – 2028

                                    8.3.6.   Germany

                                                  8.3.6.1.   Introduction

                                                   8.3.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.6.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.3.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.3.7.   France

                                                   8.3.7.1.   Introduction

                                                  8.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.7.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                  8.3.7.4.    Market Size and Forecast, By Application, 2020 - 2028

                                    8.3.8.   UK

                                                   8.3.8.1.   Introduction

                                                   8.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.8.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                  8.3.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.3.9.   Italy

                                                   8.3.9.1.   Introduction

                                                   8.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.9.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.3.9.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.3.10.   Rest Of Europe

                                                   8.3.10.1.   Introduction

                                                   8.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.10.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.3.10.4.   Market Size and Forecast, By Application, 2020 - 2028

                          8.4.   Asia-Pacific

                                    8.4.1.   Introduction

                                    8.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                    8.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                                    8.4.4.   Market Size and Forecast, By Product Type, 2020 - 2028

                                    8.4.5.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.4.6.   China

                                                   8.4.6.1.   Introduction

                                                   8.4.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.6.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.4.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.4.7.   India

                                                   8.4.7.1.   Introduction

                                                   8.4.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.7.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.4.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.4.8.   Japan

                                                   8.4.8.1.   Introduction

                                                   8.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.8.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                  8.4.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.4.9.   South Korea

                                                   8.4.9.1.   Introduction

                                                  8.4.9.2.    Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.9.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.4.9.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.4.10.   Rest Of Asia-Pacific

                                                   8.4.10.1.   Introduction

                                                   8.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.10.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.4.10.4.   Market Size and Forecast, By Application, 2020 - 2028

                          8.5.   Rest Of The World (RoW)

                                    8.5.1.   Introduction

                                    8.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                    8.5.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                    8.5.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.5.5.   Market Size and Forecast, By Region, 2020 - 2028

                                    8.5.6.   South America

                                                   8.5.6.1.   Introduction

                                                  8.5.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.5.6.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.5.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                    8.5.7.   Middle East and Africa

                                                   8.5.7.1.   Introduction

                                                   8.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.5.7.3.   Market Size and Forecast, By Product Type, 2020 - 2028

                                                   8.5.7.4.   Market Size and Forecast, By Application, 2020 - 2028

    Chapter 9.    Competitive Landscape

                          9.1.   Introduction

                          9.2.   Vendor Share Analysis, 2020/Key Players Positioning, 2020

    Chapter 10.   Company Profiles

                          10.1.   E&J Gallo Winery

                                   10.1.1.   Business Overview

                                    10.1.2.   Financial Analysis

                                    10.1.3.   Product Portfolio

                                    10.1.4.   Recent Development and Strategies Adopted

                                    10.1.5.   SWOT Analysis

                          10.2.   Constellation

                                    10.2.1.   Business Overview

                                    10.2.2.   Financial Analysis

                                    10.2.3.   Product Portfolio

                                    10.2.4.   Recent Development and Strategies Adopted

                                    10.2.5.   SWOT Analysis

                          10.3.   Castel

                                   10.3.1.   Business Overview

                                    10.3.2.   Financial Analysis

                                    10.3.3.   Product Portfolio

                                    10.3.4.   Recent Development and Strategies Adopted

                                   10.3.5.   SWOT Analysis

                          10.4.  The Wine Group

                                    10.4.1.   Business Overview

                                    10.4.2.   Financial Analysis

                                    10.4.3.   Product Portfolio

                                    10.4.4.   Recent Development and Strategies Adopted

                                    10.4.5.   SWOT Analysis

                          10.5.   Accolade Wines

                                    10.5.1.   Business Overview

                                   10.5.2.   Financial Analysis

                                    10.5.3.   Product Portfolio

                                    10.5.4.   Recent Development and Strategies Adopted

                                    10.5.5.   SWOT Analysis

                          10.6.   Concha y Toro

                                    10.6.1.   Business Overview

                                    10.6.2.   Financial Analysis

                                    10.6.3.   Product Portfolio

                                    10.6.4.   Recent Development and Strategies Adopted

                                    10.6.5.   SWOT Analysis

                          10.7.   Treasury Wine Estates (TWE)

                                    10.7.1.   Business Overview

                                    10.7.2.   Financial Analysis

                                    10.7.3.   Product Portfolio

                                    10.7.4.   Recent Development and Strategies Adopted

                                    10.7.5.   SWOT Analysis

                          10.8.   Trinchero Family

                                    10.8.1.   Business Overview

                                   10.8.2.   Financial Analysis

                                    10.8.3.   Product Portfolio

                                    10.8.4.   Recent Development and Strategies Adopted

                                    10.8.5.   SWOT Analysis

                         10.9.   Pernod-Ricard, Diageo

                                    10.9.1.   Business Overview

                                    10.9.2.   Financial Analysis

                                    10.9.3.   Product Portfolio

                                    10.9.4.   Recent Development and Strategies Adopted

                                    10.9.5.   SWOT Analysis

                          10.10.   E&J Gallo Winery

                                    10.10.1.   Business Overview

                                    10.10.2.   Financial Analysis

                                    10.10.3.   Product Portfolio

                                    10.10.4.   Recent Development and Strategies Adopted

                                    10.10.5.   SWOT Analysis

                          10.11.   Changyu Group

                         10.12.   Kendall-Jackson Vineyard Estates

                          10.13.    GreatWall

                          10.14.   Dynasty        

    Chapter 11.   Key Takeaways

     

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